Active Listing  ·  92 days on market

220 Allegrini St

Leander, TX 78641
$399,000
3 Bed 2 Bath 1,845 sqft $216/sqft Built 2017 0.17 acres 2-Car Garage Pool Cameros Ranch Sec 3

The 78641 zip code is a treasure trove of amenities for its residents. From shopping centers, eateries, to recreational facilities, there's never a dull moment in this vibrant neighborhood. Golf enthusiasts can enjoy a game at the Crystal Falls Golf Club, while those looking for a more relaxed pastime can head over to the Crystal Falls Community Center, which offers a variety of activities suitable for all ages. This home offers brand new paint on all the walls and ceilings. Beautiful wood floors though out the main living areas, kitchen, and dining area. 3 bedrooms with freshly cleaned carpets and an office and laundry room off the main area. This won't last long. Also only had one loving owner.

At $216/sqft, this home is 10% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

220 Allegrini St, Leander, TX 78641

Property Details

Price $399,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,845 sqft
Lot Size 0.17 acres (7,374.71 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cameros Ranch Sec 3
County Williamson
Zip Code 78641
$/sqft $216/sqft
Days on Market ,
HOA $56/Monthly
Annual Tax Est. $8,256.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230237623
List Date May 15, 2026
Elementary School Bagdad
Middle School Leander Middle
High School Glenn
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 15, 2026 $434,000
Previous ask $419,000
Current ask $399,000
Reduced $35,000 (-8.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1440 Brooks Way
Connellys Xing Ph 4
$389,900 $169 3 bd / 3 ba 2,305 sqft , 2026-06-18
409 Chaparral Dr
Vista Ridge
$384,900 $204 3 bd / 2 ba 1,887 sqft , 2026-04-14
640 Loma Cedro Bnd
Vista Ridge
$415,000 $167 3 bd / 2 ba 2,487 sqft , 2026-07-10
405 Mountain Sky Bnd
ROSENBUSCH RANCH
$419,900 $216 4 bd / 3 ba 1,942 sqft , 2026-03-23
303 Greener Dr
Westwood Sec 01
$375,000 $174 3 bd / 3 ba 2,152 sqft , 2026-08-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,915/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$79,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 3, 2026.

📞 (254) 718-2567 [email protected] More about Luke →